29.42 USD
+0.48 (+1.66%)
29.67 USD
+0.25 (+0.85%)
We assign a fundamental rating of 6 out of 10 to DBX. DBX was compared to 280 industry peers in the Software industry. DBX scores excellent on profitability, but there are concerns on its financial health. DBX may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
DBX had positive earnings in the past year.
DBX had a positive operating cash flow in the past year.
DBX had positive earnings in 4 of the past 5 years.
In the past 5 years DBX always reported a positive cash flow from operatings.
1.2 Ratios
DBX's Return On Assets of 17.97% is amongst the best of the industry. DBX outperforms 93.93% of its industry peers.
With an excellent Return On Invested Capital value of 59.34%, DBX belongs to the best of the industry, outperforming 99.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DBX is significantly above the industry average of 10.98%.
The 3 year average ROIC (17.97%) for DBX is below the current ROIC(59.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.97% | ||
| ROE | N/A | ||
| ROIC | 59.34% |
ROA(3y)15.53%
ROA(5y)9.34%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.97%
ROIC(5y)15.1%
1.3 Margins
DBX has a Profit Margin of 19.87%. This is amongst the best in the industry. DBX outperforms 83.93% of its industry peers.
DBX's Profit Margin has improved in the last couple of years.
DBX has a better Operating Margin (24.57%) than 90.00% of its industry peers.
In the last couple of years the Operating Margin of DBX has grown nicely.
DBX has a Gross Margin of 80.66%. This is amongst the best in the industry. DBX outperforms 82.50% of its industry peers.
In the last couple of years the Gross Margin of DBX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.57% | ||
| PM (TTM) | 19.87% | ||
| GM | 80.66% |
OM growth 3Y10.3%
OM growth 5YN/A
PM growth 3Y4.48%
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.86%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DBX is creating value.
The number of shares outstanding for DBX has been reduced compared to 1 year ago.
The number of shares outstanding for DBX has been reduced compared to 5 years ago.
The debt/assets ratio for DBX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.52, we must say that DBX is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.52, DBX is doing worse than 68.57% of the companies in the same industry.
DBX has a debt to FCF ratio of 3.10. This is a good value and a sign of high solvency as DBX would need 3.10 years to pay back of all of its debts.
DBX has a better Debt to FCF ratio (3.10) than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.1 | ||
| Altman-Z | 0.52 |
ROIC/WACC5.98
WACC9.93%
2.3 Liquidity
A Current Ratio of 0.57 indicates that DBX may have some problems paying its short term obligations.
DBX has a Current ratio of 0.57. This is amonst the worse of the industry: DBX underperforms 92.14% of its industry peers.
DBX has a Quick Ratio of 0.57. This is a bad value and indicates that DBX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of DBX (0.57) is worse than 91.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
DBX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.32%, which is quite impressive.
The Earnings Per Share has been growing by 38.64% on average over the past years. This is a very strong growth
Looking at the last year, DBX shows a decrease in Revenue. The Revenue has decreased by -0.44% in the last year.
DBX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.93% yearly.
EPS 1Y (TTM)26.32%
EPS 3Y17.94%
EPS 5Y38.64%
EPS Q2Q%23.33%
Revenue 1Y (TTM)-0.44%
Revenue growth 3Y5.7%
Revenue growth 5Y8.93%
Sales Q2Q%-0.69%
3.2 Future
DBX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.92% yearly.
The Revenue is expected to decrease by -1.17% on average over the next years.
EPS Next Y13.69%
EPS Next 2Y10.24%
EPS Next 3Y7.86%
EPS Next 5Y2.92%
Revenue Next Year-1.21%
Revenue Next 2Y-0.88%
Revenue Next 3Y-0.72%
Revenue Next 5Y-1.17%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.22, the valuation of DBX can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of DBX indicates a rather cheap valuation: DBX is cheaper than 87.86% of the companies listed in the same industry.
DBX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.28.
DBX is valuated reasonably with a Price/Forward Earnings ratio of 9.64.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DBX indicates a rather cheap valuation: DBX is cheaper than 88.21% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.52. DBX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.22 | ||
| Fwd PE | 9.64 |
4.2 Price Multiples
86.07% of the companies in the same industry are more expensive than DBX, based on the Enterprise Value to EBITDA ratio.
DBX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DBX is cheaper than 95.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.31 | ||
| EV/EBITDA | 12.02 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of DBX may justify a higher PE ratio.
PEG (NY)0.75
PEG (5Y)0.26
EPS Next 2Y10.24%
EPS Next 3Y7.86%
5. Dividend
5.1 Amount
DBX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.42
+0.48 (+1.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners111.23%
Inst Owner Change-1.55%
Ins Owners6.23%
Ins Owner Change-1.88%
Market Cap7.61B
Revenue(TTM)2.53B
Net Income(TTM)502.50M
Analysts50
Price Target28.86 (-1.9%)
Short Float %12.56%
Short Ratio6.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.22%
Min EPS beat(2)11.32%
Max EPS beat(2)13.12%
EPS beat(4)4
Avg EPS beat(4)12.9%
Min EPS beat(4)11.32%
Max EPS beat(4)15.74%
EPS beat(8)8
Avg EPS beat(8)11.94%
EPS beat(12)12
Avg EPS beat(12)11.32%
EPS beat(16)16
Avg EPS beat(16)10.18%
Revenue beat(2)2
Avg Revenue beat(2)0.45%
Min Revenue beat(2)0.16%
Max Revenue beat(2)0.74%
Revenue beat(4)2
Avg Revenue beat(4)0.1%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)0.74%
Revenue beat(8)2
Avg Revenue beat(8)-0.19%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)5
Avg Revenue beat(16)-0.11%
PT rev (1m)1.91%
PT rev (3m)0.87%
EPS NQ rev (1m)2.15%
EPS NQ rev (3m)3.71%
EPS NY rev (1m)4.46%
EPS NY rev (3m)4.43%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)0.81%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.22 | ||
| Fwd PE | 9.64 | ||
| P/S | 3.01 | ||
| P/FCF | 8.31 | ||
| P/OCF | 8.18 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.02 |
EPS(TTM)2.88
EY9.79%
EPS(NY)3.05
Fwd EY10.37%
FCF(TTM)3.54
FCFY12.03%
OCF(TTM)3.6
OCFY12.22%
SpS9.77
BVpS-5.92
TBVpS-7.83
PEG (NY)0.75
PEG (5Y)0.26
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.97% | ||
| ROE | N/A | ||
| ROCE | 69.59% | ||
| ROIC | 59.34% | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 24.57% | ||
| PM (TTM) | 19.87% | ||
| GM | 80.66% | ||
| FCFM | 36.22% |
ROA(3y)15.53%
ROA(5y)9.34%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.97%
ROIC(5y)15.1%
ROICexc(3y)69.99%
ROICexc(5y)80.12%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)21.07%
ROCE(5y)17.71%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-15.6%
ROICexc growth 5YN/A
OM growth 3Y10.3%
OM growth 5YN/A
PM growth 3Y4.48%
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.86%
F-Score4
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 3.1 | ||
| Debt/EBITDA | 2.57 | ||
| Cap/Depr | 9.3% | ||
| Cap/Sales | 0.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 119.86% | ||
| Profit Quality | 182.25% | ||
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | 0.52 |
F-Score4
WACC9.93%
ROIC/WACC5.98
Cap/Depr(3y)17.74%
Cap/Depr(5y)24.54%
Cap/Sales(3y)1.13%
Cap/Sales(5y)1.78%
Profit Quality(3y)165.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.32%
EPS 3Y17.94%
EPS 5Y38.64%
EPS Q2Q%23.33%
EPS Next Y13.69%
EPS Next 2Y10.24%
EPS Next 3Y7.86%
EPS Next 5Y2.92%
Revenue 1Y (TTM)-0.44%
Revenue growth 3Y5.7%
Revenue growth 5Y8.93%
Sales Q2Q%-0.69%
Revenue Next Year-1.21%
Revenue Next 2Y-0.88%
Revenue Next 3Y-0.72%
Revenue Next 5Y-1.17%
EBIT growth 1Y22.21%
EBIT growth 3Y16.58%
EBIT growth 5YN/A
EBIT Next Year27.99%
EBIT Next 3Y6.81%
EBIT Next 5Y8.46%
FCF growth 1Y22.16%
FCF growth 3Y7.53%
FCF growth 5Y17.4%
OCF growth 1Y19.56%
OCF growth 3Y7%
OCF growth 5Y11.09%
DROPBOX INC-CLASS A / DBX FAQ
What is the ChartMill fundamental rating of DROPBOX INC-CLASS A (DBX) stock?
ChartMill assigns a fundamental rating of 6 / 10 to DBX.
What is the valuation status for DBX stock?
ChartMill assigns a valuation rating of 9 / 10 to DROPBOX INC-CLASS A (DBX). This can be considered as Undervalued.
Can you provide the profitability details for DROPBOX INC-CLASS A?
DROPBOX INC-CLASS A (DBX) has a profitability rating of 9 / 10.
What is the valuation of DROPBOX INC-CLASS A based on its PE and PB ratios?
The Price/Earnings (PE) ratio for DROPBOX INC-CLASS A (DBX) is 10.22 and the Price/Book (PB) ratio is -4.97.